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University Rankings by Cost of Living Adjusted Faculty Compensation

International Journal of Management and Marketing Research, Vol. 3, No. 2, 2010

34 Pages Posted: 22 Jan 2010 Last revised: 10 May 2011

Terrance Jalbert

University of Hawaii - Department of Business Administration

Mercedes Jalbert

The Institute for Business and Finance Research

Karla Hayashi

University of Hawaii at Hilo

Date Written: 2010

Abstract

In this paper we rank 574 universities based on compensation paid to their faculty. The analysis examines universities both on a raw basis and on a cost of living adjusted basis. Rankings based on salary data and benefit data are presented. In addition rankings based on total compensation are presented. Separate rankings are provided for universities offering different degrees. The results indicate that rankings of universities based on raw and cost of living adjusted data are markedly different. The results suggest that faculty seeking employment opportunities should carefully consider cost of living issues. Administrators should design salary packages that reflect the cost of living conditions in their area in order to attract quality faculty.

Keywords: cost of living, ranking, faculty compensation, higher education salaries, State ranking

JEL Classification: J31, J34

Suggested Citation

Jalbert, Terrance and Jalbert, Mercedes and Hayashi, Karla, University Rankings by Cost of Living Adjusted Faculty Compensation (2010). International Journal of Management and Marketing Research, Vol. 3, No. 2, 2010. Available at SSRN: https://ssrn.com/abstract=1539723

Terrance Jalbert (Contact Author)

University of Hawaii - Department of Business Administration ( email )

808-974-7456 (Phone)

Mercedes Jalbert

The Institute for Business and Finance Research ( email )

P.O. Box 5569
Hilo, HI 96720
United States

HOME PAGE: http://www.theIBFR.com

Karla Hayashi

University of Hawaii at Hilo ( email )

200 W. Kāwili St.
Hilo, HI 96720-4091
United States

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